Honeymoons and luxury vacations could soon be outpaced by crypto as the main draw for the island nation of Maldives. A Dubai-based family office plans to invest up to $8.8 billion in a blockchain-focused financial hub in the Maldives, part of an effort by the island nation to expand beyond its reliance on tourism and … Read more
Donald Trump is pushing back against claims that he’s profiting from the TRUMP memecoin, his official cryptocurrency that launched days before his presidential inauguration. Chainalysis recently reported that the TRUMP token earned $900,000 in fees in a two day span for its backers. The wallets of the largest holders of the token are controlled by … Read more
The Solana Foundation has disclosed a previously unknown vulnerability in its privacy-focused token system that could have allowed attackers to forge fake zero-knowledge proofs, enabling unauthorized minting or withdrawals of tokens. The vulnerability was first reported on April 16 through Anza’s GitHub security advisory, accompanied by a working proof-of-concept. Engineers from Solana development teams Anza, … Read more
Central Asian country Kyrgyzstan plans to debut the Gold Dollar, or USDKG, the gold-backed stablecoin pegged 1:1 with the U.S. dollar in the third quarter, project’s advisor Gabriel Guerra told CoinDesk at the Token2049 conference in Dubai. The stablecoin, backed by $500 million in gold from the Kyrgyz Ministry of Finance, is designed to facilitate … Read more
Bitcoin (BTC) opened the trading week flat above $94,000 as traders waited for news from Beijing on the progress of a trade deal with the U.S. The CoinDesk 20 (CD20), a measure of the performance of major digital assets, was down 1.5%, trading below 2,700. “XRP and Bitcoin bounced back from the tariff shocks in … Read more
In the crypto market, bold predictions aren’t just talk – they’re backed by real dollars, often through option plays that resemble lottery tickets offering outsized upside for relatively small costs. The stand-out as of writing is the Deribit-listed $300,000 strike bitcoin call option expiring on June 26. Theoretically, this call is a bet that BTC’s … Read more
Adopting Michael Saylor’s strategy of buying for the balance sheet has clearly taken off among many publicly traded firms, substantially enriching their stock prices and shareholders. But what does it mean for the future of the bitcoin price? NYDIG Research crunched the numbers, and the results are striking. “If we apply a 10x “money multiplier”—a … Read more
The gold market is seeing a shift in activity, with central bank buying slowing and demand from exchange-traded funds and gold-backed cryptocurrencies growing. The latter recently moved to a three-year high, as measured by the net minting volume for tokens backed by the precious metal. Over $80 million worth of these tokens were minted over … Read more
Arizona will not be investing in bitcoin (BTC), at least not this year. Governor Katie Hobbs vetoed a bill on Friday that would have allowed the state to hold the digital asset as part of its official reserves. The legislation, known as Senate Bill 1025, proposed using seized funds to invest in BTC and create … Read more
Freight Technologies (FRGT), a $4.8 million market cap logistics tech firm focused on cross-border trade between the U.S. and Mexico, has entered an agreement to buy up to $20 million in the Official Trump Token (TRUMP) to build out its crypto treasury. The company said it secured the funding through a convertible note facility with … Read more
